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Teddy Nykiel is a staff writer at NerdWallet, a personal finance website. Email: teddy@nerdwallet.com. Twitter: @teddynykiel
50%. Teddy Nykiel is a staff writer at NerdWallet, a personal finance website. Email: teddy@nerdwallet.com. Twitter: @teddynykiel
Out here in the Wild West of the real world, there's no graduation to look forward to. There's no end date when your hard
Guide to student loan forgiveness If you can manage it, repay your federal loans on the standard 10-year repayment plan. You'll
If you have certain types of federal loans, you won't have to pay interest during deferment, but all loans accrue interest
Teddy Nykiel is a staff writer at NerdWallet, a personal finance website. Email: teddy@nerdwallet.com. Twitter: @teddynykiel
Two other drawbacks to income-driven plans: You'll need to reapply each year, and any debt that's forgiven will be taxed
Rachel Rabinovich, a certified financial planner at the Brookline, Massachusetts-based Society of Grownups, which offers
If you're out of school Say, for example, you took out a $10,000 private student loan with a 6% interest rate. Over 10 years
But even good debt can derail your finances if mishandled. Here's how to ensure your student loans help you in the long run
8. Refinance your student loans If your annual income is higher than your student loan balance and you have a credit score
You are not a bad person. You don't have to fix everything at once. Asking this question means you've already taken a huge
This new year, you can resolve to end your struggles with debt if you start with a realistic plan. Beginning Jan. 1, make
In addition to lower payments, any remaining balance at the end of your extended loan term will be discharged -- but it will
There's no one-size-fits-all when it comes to managing your loans. You can even pick and choose multiple options to best
So far, about 16,000 former Corinthian students have been approved for borrower defense forgiveness, and almost 8,000 have
Your job affects more than just what you do all day and how big your paycheck is. It can also influence your ability to repay
$30 → 👠🍦🎬 You can learn more about all these options through your loan servicer, so make sure you know who yours is. Hint
Teddy Nykiel is a staff writer at NerdWallet, a personal finance website. Email: teddy@nerdwallet.com. Twitter: @teddynykiel
IRA stands for individual retirement account. Anyone younger than 50 can contribute up to $5,500 per year to one -- and if